Wednesday, October 06, 2004
Litigation and it's impact
Dick Cheney during the vp debate:
I was in Minnesota the other day, where I visited an aircraft manufacturing plant. It's a great success story. This is a company that started 20 years ago with nothing. Today they're the second- leading producer of piston-driven aircraft in the country.
He told me that if it weren't for the increased cost of his liability insurance, in this case product liability, he could hire 200 more people in his factory. We've built into the system enormous costs as a result of our practice with respect to litigation. We have to find ways to get a handle on it
John Edwards discussed tort reform, but you could tell this was something he doesn't like to think about. The best he could think of was for a plan of some sort of arbitration about whether a case was frivolous or not.
At GeorgeWBush.com, they noted this about him:
The Real Record:
According To One Of Edwards’ Trial Lawyer Supporters, Edwards “Said Medical Malpractice Reform Will Pass Over His Dead Body.” (William Tucker, Op-Ed, “Edwards Confident Of Verdict,” The New York Sun, 8/20/03)
Edwards Voted To Kill Medical Malpractice Reform In 2002 And In 2003.
Blogs for Bush has a good story about the realities of runaway litigation. Because of lawsuits and such, the companies that do vaccines for the flu have gone from 15 to 2...not necessarily a safe thing...especially with the shortage of flu vaccine this year.
Think about it...it's not just out of our pocketbooks...it's also part of the lost potential that will never be made.
I was in Minnesota the other day, where I visited an aircraft manufacturing plant. It's a great success story. This is a company that started 20 years ago with nothing. Today they're the second- leading producer of piston-driven aircraft in the country.
He told me that if it weren't for the increased cost of his liability insurance, in this case product liability, he could hire 200 more people in his factory. We've built into the system enormous costs as a result of our practice with respect to litigation. We have to find ways to get a handle on it
John Edwards discussed tort reform, but you could tell this was something he doesn't like to think about. The best he could think of was for a plan of some sort of arbitration about whether a case was frivolous or not.
At GeorgeWBush.com, they noted this about him:
The Real Record:
According To One Of Edwards’ Trial Lawyer Supporters, Edwards “Said Medical Malpractice Reform Will Pass Over His Dead Body.” (William Tucker, Op-Ed, “Edwards Confident Of Verdict,” The New York Sun, 8/20/03)
Edwards Voted To Kill Medical Malpractice Reform In 2002 And In 2003.
Blogs for Bush has a good story about the realities of runaway litigation. Because of lawsuits and such, the companies that do vaccines for the flu have gone from 15 to 2...not necessarily a safe thing...especially with the shortage of flu vaccine this year.
Think about it...it's not just out of our pocketbooks...it's also part of the lost potential that will never be made.
# posted by Knitting a Conundrum @ 11:52 AM 
